Greetings to all readers of this great platform, especially to those who make life in the great community of #LeoFinance, in the present opportunity I want to talk a little about a great project called Conflux with the initials of its token (CFX) which caught my attention when reviewing the market and see how it had been its last month as far as market price is concerned, as it has had a steady price rebound and has been really very good in that time.
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I usually like to read about the market in general, look for different projects and analyze a little about them, in order to generate a general knowledge of the market, and understand how this market and these projects behave, and in that search I came across this interesting project called Conflux (CFX) that I am pleasantly surprised to see how it has progressed in the last month, although the market is a little slowed down in this month of February, this project does not stop growing.
To understand a little more, I first want to talk in general about the Conflux (CFX) project, being considered as a high performance project for the blockchain network, which seeks to improve the quantity, quality and speed for data processing, avoiding forks, with which you can get to have a great benefit in terms of data processing and speed of the same, this allows greater performance in general.
On the other hand, when observing a little more closely this project and its behavior, we can appreciate that they work with what is known as the GHAST consensus, which significantly improves the performance of the Nodes, making a simultaneous consensus that helps to a better response of the system, for the greater celerity of the processes, besides having a long way to be generating solutions to the possible problems, in general lines according to the information that I managed to interpret we can say that this is what the GHAST consensus is about.
There is another great point that generates this project, in which they sought to solve some problems of the blockchain in general and many projects, with which we can see that it is driven in its performance by what is known as the Tree Diagram, now, what is the Tree Diagram? From a general perspective it ends up being that series of information that allows us to generate a branching of information, with which it seeks to generate greater security in the projects that it is used, and most important of all is that it ends up being decentralized information.
This project is really beginning to have a great impact on the blockchain, this is mainly because in addition to the quality of the project and the benefits it provides, it has other benefits aimed at the miners of the project who will end up receiving benefits, on the other hand currently have Staking which generates a reward of 4% at a fixed rate, and have the right to vote on governance decisions, being a project that includes everyone.
With this modality of generating benefits in the Blockchain, we are facing a project that is really generating a great benefit and with it increases the acceptance of it in a great way, this can be noticed when observing its market recovery, which exceeds 800% in the last 30 days, this is really a very amazing recovery percentage for a project and this has been maintained in the days, since when observing the last week, we see how it managed to recover more than 300% with which it is in the race.
Although today is in the red today, we must remember that these projects must grab oxygen to continue to be driven in the crypto market, so they must correct a little before following the rise of its price, under this scenario we are facing a good project that is responding in a great way in the behavior of the market, it is time to be attentive to it and wait for what may be happening in the coming days.
The image used in the banner at the bottom is by the author 
